RAMAX

About RAMAX

American Funds Short-Term Bond Fund of America® Class R-1 is an open-end mutual fund focused on generating current income while emphasizing capital preservation. It concentrates on **high-quality, short-duration** fixed income, primarily U.S. government bonds, investment-grade corporate debt, and sizable allocations to asset-backed and mortgage-backed securities, maintaining a dollar‑weighted average effective maturity of no more than three years. The strategy targets a yield above typical money market funds with **lower interest-rate sensitivity** than intermediate and long-term bond funds, reflected in its short effective duration profile and high credit standards centered on AA/Aa3 or better, with a limited allowance for A-rated issues. Managed by Capital Research and Management Company, the fund distributes **monthly income** and is widely used for liquidity management and risk dampening within diversified portfolios. Its portfolio scale, diversified issuer base, and benchmark orientation toward short U.S. government/credit exposures underscore its role as a **defensive core bond holding** in the short-term bond category.